(The Center Square) – Another multi-million-dollar grant has been awarded to a multi-billion-dollar company in Texas through the Texas Semiconductor Innovation Fund.
The latest is a $250 million TSIF grant awarded to Samsung Austin Semiconductor, LLC for its semiconductor fabrication facility in Taylor. Samsung Electronics has three semiconductor fab facilities in Texas; two are in Austin and one is in Taylor.
Samsung says it’s making a capital investment of more than $4.73 billion into the Taylor facility. It’s “part of an onshoring strategy and transition to the manufacture of 2-nanometer leading-edge logic chips that power next-generation technologies in areas like 5G, artificial intelligence (AI), and high-performance computing,” the governor’s office said…